Abstract
The relationship between level of environmental financial accounting practices and financial performance in Vietnam
Highlights
Many large corporations in the world such as Formosa, British Petroleum (BP), Volkswagen have collapsed due to fraud in information disclosure related to environmental protection (Ting, 2017)
The findings have shown that there exists a relationship between the level of environmental financial accounting practices and financial performance of listed firms on Vietnam Stock Exchange
There have been new points in comparison with prior studies as this study examined the impact of the level of environmental financial accounting practices on financial performance in the current year, but the following year
Summary
Many large corporations in the world such as Formosa, British Petroleum (BP), Volkswagen have collapsed due to fraud in information disclosure related to environmental protection (Ting, 2017) It is a warning bell for firms to raise awareness of environmental protection and publicize environmental information to related parties. Firms listed publicly on Vietnam Stock Exchange should consider practicing environmental accounting and publicizing environmental information on annual reports as a sense of responsibility and implementation of the community. This is the reason for the business community in the countries participating in The Comprehensive and Progress Agreement for TransPacific Partnership (CPTPP) cannot ignore the disclosure of information about activities and measures to protect environment. By using Environmental information disclosure on annual report as measurement of EFAP, this study is an effort to fill the gap by empirically examining the relationship between EFAP and financial performance in Vietnamese context
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